6707 E Riverside Drive, Austin, TX 78741

$649,500
List Price
$649,500
Status
ACTIVE
MLS#
2292841
Days on Market
57
Area
Austin - Southeast

Property Description

Build 6 townhomes or 35 apartments! Rare “small-scale big upside” development opportunity on East Riverside Drive in booming Montopolis (watch the 8-minute FAQ video - https://youtu.be/OGtPwLfHSZQ). Value is in the land, but the existing dwelling has been extensively remodeled & is an ideal office or residential rental for cash flow during the planning phase. • Great high-demand location for professionals and young families to fill your new development! Southeast Austin location has easy access to highways (290 & 183) for a quick commute to work (Oracle and Tesla are nearby), shopping & entertainment. • There are endless options of restaurants, bars, cafes, live music, and shopping that are growing and adding more character and desirability to the neighborhood. Just minutes away from the downtown action, the SoCo charm, and the serenity of Lady Bird Lake. Staying fit has never been easier and fun, with Equinox, Orange Theory, [solidcore], Soul Cycle, walking trails, and kayak/paddleboard rentals just a short car/bike ride away. • And if that was not enough, the airport is only 5 minutes away—easy in and out of the city for wanderers and business travelers.

Additional Information

Tax Year
2020
Construction
Glass, Concrete
Region
Austin - Southeast
View
Woods
Sewer
Public Sewer
Street Name
E Riverside Drive
Street Number
6707
Neighborhood
Montopolis
Acres
0.22
County
Travis
Heating
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of eXp Realty LLC.

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